A potential fake out of a symmetrical triangle on the 4 hr. Referring to my previous BTC idea for Nov-Dec, I believe a final shake out to 49,500-51,500 is possible. I am very bullish at this level. BTC has a trend line running up to 50k near end of Nov. supported by the 200 day MA. That region also being massive support. But keep in mind we have a potential W pattern on the 4 hr and a triangle. The break out level for the W pattern is at 57,830 to the up-side.
Subscribe and support my work if you find this content useful. Best of luck!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.